General Ledger Accountant at Varo Bank

| San Francisco
Sorry, this job was removed at 3:41 a.m. (PST) on Friday, March 12, 2021
Find out who's hiring in San Francisco.
See all Finance jobs in San Francisco
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
ABOUT VARO
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured, and designed for the way our customers live their lives.
We're on a mission to bring financial inclusion and opportunity to all hard-working Americans. Through our mobile app, we offer premium bank accounts that have no minimum balance requirement or monthly account fees, high-interest savings accounts, short term lending and solutions to help customers stretch their paycheck, build credit and start saving. Our tech-first products are designed to make money work for everyone and help customers and communities build greater financial resiliency.
Varo is distinct from other fintechs: we've made history as the first and only consumer fintech to be granted a full national bank charter by the Office of the Comptroller of the Currency (OCC).
Varo Bank represents the evolution of a new generation of banks that are born from innovation and built on technology to empower consumers and businesses.
Our team combines the best of both consumer tech and banking, and we’re wildly passionate about helping our customers. Our teams are based in San Francisco and Salt Lake City. Privately held, we've raised over $450M to date from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund / TPG Growth, Gallatin Point Capital, Harbourvest Partners, and Progressive Insurance.
Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural. This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees and board. 
ABOUT THE FINANCE TEAM
We’re a small but mighty team of four looking to add a motivated NetSuite expert and financial institutions specialist who wants to help build the bank of the future, learn all about digital banking and enjoy life at the forefront of Fintech.
 
We bring all the creativity and passion generated by everyone in design and marketing and engineering into an achievable strategic plan that walks the fine line between building the coolest Product and making sure we have a solid path to profitability that will delight our world-class investors. We love the cultural balance Varo has achieved between Silicon Valley technology and Wall Street financial services acumen.

WHAT YOU'LL DO

  • Manage accounting activities towards accurate and timely reporting of the Company’s financials and close process in accordance with US GAAP standards, regulatory guidelines and company procedures
  • Perform daily accounting operations, including cash management, revenue reconciliations, accounts receivable, accounts payable, fixed assets, payroll processing, and monthly close process
  • Assist with annual financial statement audit
  • Assist external tax firm with state and federal returns and compliance
  • Manage local registration and tax reporting
  • Input journal entries and assist with general ledger account reconciliations and ensure that account balances are fully reconciled
  • Assist with disbursements including supporting payroll and accounts payable activities
  • Ensure chart of accounts and cost centers are updated as necessary in accordance with change management requirements, including creating off-balance sheet and statistical accounts
  • Create standardized and ad-hoc reporting in NetSuite
  • Create templates and workflows in NetSuite for automation of entries and reporting
  • Maintain fixed asset register and update as necessary
  • Maintain vendor and accounts payable information and ensure prudent cash flow management and vendor payments
  • Prepare flux analysis for balance sheet and income statement accounts
  • Work effectively with cross functional business partners, including Finance, HR, Payroll, Legal, IT, Marketing and other teams.
  • Manage corporate cash accounts and business filings with states
  • Ad hoc general ledger projects and other duties as assigned

PREVIOUS EXPERIENCES THAT'LL HELP YOU BE GREAT

  • Experience with NetSuite required
  • Banking or Financial Institution Experience
  • 3-5 years relevant experience in General Ledger accounting
  • Bachelor of Science in Accounting or Finance
  • Certified Public Accountant (Active status preferred)
  • Highly detail-oriented with excellent time management, prioritization and organizational skills
  • Strong analytical skills, efficient, and self-motivated with the ability to recommend and implement process improvements
  • THE THREE SKILLS THAT MATTER MOST 
    Nobody can be great at everything, but we’re looking for candidates who are extraordinary at: 
  • Performing the monthly close process and reviewing reconciliations
  • Excel and PowerPoint - Advanced Excel skills (ie. advanced formulas, macros, & pivot tables)
  • Comfortable operating in a fast paced, growth stage start-up while problem solving and solution oriented

OTHER NICE TO HAVES

  • Proven ability to work creatively and analytically in a problem-solving environment
  • Prior experience implementing and documenting new accounting processes
  • Assist in the preparation of business filings

CULTURAL ALIGNMENT
Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural. This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees. 
OUR CORE VALUES
Customers First: Understand the problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love. Assess new initiatives with the customers’ interest in mind. Act with empathy. 
Take Ownership: Bias towards action. Have high standards. Be accountable for the results of your work, our product, our company. Trust others to own it.
Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it's not easy. Assume best intentions. Bring your full self to work.
Stay Curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.
Make it Better: Think big. Set high goals. Work towards long term value rather than short term wins. Create change. Be resilient.
Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Learn more about Varo by following us:
Facebook - https://www.facebook.com/varomoney
Instagram - www.instagram.com/varobank
LinkedIn - https://www.linkedin.com/company/varobank
Twitter - https://twitter.com/varobank
Engineering Blog - https://medium.com/engineering-varo
SoundCloud - https://soundcloud.com/varobank
Beware of fraudulent job postings!
Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Read Full Job Description
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

  • Engineering
    • JavaLanguages
    • KotlinLanguages
    • ReactLibraries
    • ReduxLibraries
    • Node.jsFrameworks
    • SpringFrameworks
    • TensorFlowFrameworks
    • CassandraDatabases

Location

222 Kearny St, San Francisco, CA 94108

An Insider's view of Varo Bank

How would you describe the company’s work-life balance?

We work hard and play hard. People at Varo are mission-driven. We come to work ready to solve problems and make better banking products for Americans.

We also love a good team bonding event, whether at our companywide weekly PDF (Pencils Down Friday) happy hour or smaller team events, we actually enjoy spending time with each other after work too

Genine

Social Media Manager

What are Varo Bank Perks + Benefits

Culture
Volunteer in local community
Varo has served meals at the St. Anthony Foundation in SF, hosted a beach clean up day, and we host a yearly food drive in partnership with local Food Banks.
Friends outside of work
Eat lunch together
Open door policy
Team based strategic planning
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Family Medical Leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Paid Volunteer Time
Paid Holidays
Perks & Discounts
Commuter Benefits
Company Outings
Stocked Kitchen
Lots of snacks and beverages!
Professional Development Benefits
Diversity Program
Lunch and learns
Continuing Education stipend
More Jobs at Varo Bank45 open jobs
All Jobs
Finance
Data + Analytics
Dev + Engineer
HR + Recruiting
Legal
Marketing
Operations
Product
Project Mgmt
Sales
Project Mgmt
new
San Francisco
Marketing
new
San Francisco
Developer
new
San Francisco
Product
new
San Francisco
Marketing
new
San Francisco
Operations
new
San Francisco
Marketing
new
San Francisco
Marketing
new
San Francisco
Marketing
new
San Francisco
Data + Analytics
new
San Francisco
HR + Recruiting
new
San Francisco
Product
new
San Francisco
Marketing
new
Remote
Data + Analytics
new
San Francisco
Product
new
San Francisco
Developer
new
San Francisco
Developer
new
San Francisco
HR + Recruiting
new
San Francisco
Operations
new
San Francisco
Developer
new
San Francisco
Operations
new
San Francisco
Data + Analytics
new
San Francisco
Product
new
San Francisco
Product
new
San Francisco
Finance
new
San Francisco
Data + Analytics
new
San Francisco
Developer
new
San Francisco
Data + Analytics
new
San Francisco
Product
new
San Francisco
HR + Recruiting
new
San Francisco
Product
new
San Francisco
Data + Analytics
new
San Francisco
Marketing
new
San Francisco
Developer
new
San Francisco
Developer
new
San Francisco